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Gravita India Q1 FY27 Share Price & Earnings Call Analysis

₹1,413.60+5.22% today
Market cap
₹10,434 Cr
P/E
26.62
ROE
15.47%
PEG
1.36
Price to sales
2.23
Debt to equity
0.30
52W high / low
₹1,875 / ₹1,295
Sales growth (5Y)
24.78%
EBITDA margin
9.45%
Net profit margin
8.19%
Promoter holding
55.88%
Sales (last year)
₹4,700 Cr

Established in 1992, Gravita India Ltd is one of the largest lead producer in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects. The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.

Guidance scorecard · Q1 FY27 call

What Gravita India's management guided
and where it ranks in Minerals & Mining

#3of 7 in
Minerals & Mining
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Gravita expects long-term growth aligned with its FY 2030 vision plan driven by capacity expansions and business diversification.
  • The copper segment, operating at 50% utilization in Q1 FY27, is expected to progressively ramp up capacity, contributing significantly to top line growth.
  • Lead volumes showed a slight year-on-year decline due to supply-chain disruptions but are expected to recover as disrupted supply normalizes.
  • The company is expanding its procurement network, including new yards in developed economies like the U.S., to mitigate supply disruptions and support volume growth.
  • Overall volumes increased 4% year-on-year in Q1 FY27 and are projected to grow steadily post normalization of logistics.

2 more points from Gravita India's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Gravita India said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Gravita India is fast-tracking copper capacity expansion by repurposing plant and machinery initially earmarked for rubber capacity, which has been put on hold.
  • The company is setting up its own scrap yard operations and procurement network in developed nations, especially the U.S., to mitigate supply chain disruptions and secure raw material supply.
  • Capex investments include debottlenecking manufacturing processes in the copper division to increase capacity utilization from 50% to 60%+ by the end of the financial year.
  • Plans for backward integration and refining units for lithium to capture more value-added products beyond black mass.

2 more points from Gravita India's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Gravita India said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Lead capacity expansion of 80,300 tons in Mundra, Gujarat, with some ramp-up delays due to geopolitical disruptions.
  • Copper segment operating at 50% capacity utilization with plans to ramp up gradually by the end of FY27.
  • Supply chain disruptions, particularly from the Gulf region, causing sourcing challenges but mitigated by diversification and new scrap yards in developed economies like the U.S.

2 more points from Gravita India's call on the order book

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Full Q1 FY27 analysis
Full Minerals & Mining ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Minerals & Mining
on management's own guidance

  1. NMDCGood growth
    2
  2. Lloyds Metals & Energy LtdGood growth
    1
  3. This stockGravita IndiaGood growth
    3
See all potential multibaggersAll Minerals & Mining rankings

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Minerals & Mining companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Lloyds Metals & Energy Ltd20–40%Flat₹1.04L Cr21.9
2NMDC20–40%Flat₹63,029 Cr8.4
3Gravita IndiaThis stock20–40%Flat₹10,919 Cr27.9
420–40%Flat₹4,437 Cr10.8
510–20%Up 0–2%₹683 Cr10.0
610–20%Flat₹14,980 Cr26.3

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Financials of Gravita India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Gravita India

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +66.48%66.48%63.37%63.37%59.27%59.27%55.88%55.88%55.88%55.88%55.88%55.88%
FIIs +10.58%11.08%13.40%14.01%14.12%14.03%15.09%14.65%15.75%13.94%12.86%11.78%
DIIs +0.43%0.43%2.61%3.21%5.41%5.44%4.41%4.87%4.71%5.15%5.52%4.90%
Public +21.06%20.56%19.18%17.95%19.83%19.90%23.27%23.26%22.33%23.71%24.44%26.15%
Others +1.45%1.45%1.45%1.45%1.35%1.35%1.33%1.33%1.32%1.32%1.32%1.30%
No. of Shareholders81,52475,33575,74097,8691,25,8941,26,9541,50,6471,60,4871,46,7281,51,3371,57,6411,62,848

Financials of Gravita India

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +8367588639089279961,0371,0401,0361,0171,1731,4751,427
Expenses +7646777918208649169459399338971,0601,3651,293
Operating Profit73807288638192101102120113110134
OPM %9%11%8%10%7%8%9%10%10%12%10%7%9%
Other Income +141525740293630261294818
Interest111312131213668741114
Depreciation991277889910111414
Profit before tax677472758589115116111115106131124
Tax %12%17%4%9%15%12%17%20%14%15%13%19%18%
Net Profit +5961696872789593969792106102
EPS in Rs8.388.739.999.7510.4310.5612.8912.6413.0113.2312.4514.4113.82

Financials of Gravita India

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +5014306551,0171,2421,3481,4102,2162,8013,1613,8694,2655,092
Expenses +4804125969261,1801,2391,2881,9982,5942,8733,5413,8264,616
Operating Profit2018599262109121217207287328439476
OPM %4.1%4.3%9%9%5.0%8%9%10%7%9%8%10%9%
Other Income +43125-121688761117586
Interest1191120263131384452462736
Depreciation6769121820212438293949
Profit before tax764464304771165228274363448477
Tax %-33%8%19%26%34%22%20%10%10%12%14%16%
Net Profit +1053548193757148204242313378398
EPS in Rs0.970.644.786.422.254.817.6020.1929.1334.6542.3251.3253.91
Dividend Payout %21%31%13%11%13%15%14%15%15%15%15%12%

Financials of Gravita India

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital14141414141414141414151515
Reserves1021051361761862112553735758242,0552,4372,630
Borrowings +10399166233250279261392348548286736872
Other Liabilities +31223970123110196219268217159229317
Total Liabilities2502403554925736147269981,2051,6022,5153,4173,834
Fixed Assets +545468109137182172191273348436939938
CWIP6153224461513424643394891
Investments00000000116528413415
Other Assets +1901702553593904185407648851,1941,5122,0172,391
Total Assets2502403554925736147269981,2051,6022,5153,4173,834

Financials of Gravita India

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-0291-38934771020042282169
Cash from Investing Activity +-2-10-49-42-66-14-19-69-105-158-864-361
Cash from Financing Activity +6-174940-17-21-5772-87121640178
Net Cash Flow322-46-21127559-14
Free Cash Flow-415-46-42211955-6193-56175-46
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit5%164%6%9%164%41%73%11%108%32%101%53%

Financials of Gravita India

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days192534412818151818312637
Inventory Days817777726475115107959671109
Days Payable12810213529447141057
Cash Conversion Cycle8894101915865871199911792139
Working Capital Days34352418416324043667882
ROCE %9%7%20%23%13%19%21%31%32%28%22%16%

Guidance history

How Gravita India's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →20–40%FlatPlannedPlanned—
Q3 FY26 call →20–40%FlatPlannedPlanned—
Q2 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

19out of 100

Momentum score · price trend

19 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−14.0%44%
Last 6 months−13.3%31%
Last 3 months−10.4%39%

The price is 45.3% below its all-time high of ₹2,583.9 (27 Sept 2024). Stocks more than 20% below their peak have their score halved, so 38 became 19.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gravita India: 0.4 × 44 + 0.4 × 31 + 0.2 × 39 = 38, halved to 19 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Gravita India's management said in earlier quarters

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